5E ADVANCED MATERIALS INC

For the quarter ended June 30, 2026, 5E Advanced Materials reported a loss per share of $0.14 versus -$0.49 a year earlier. For the full year it reported a loss per share of $1.43, after -$3.95 in the prior year. The figures indicate a marked reduction in losses compared with the previous year. » Mere på finanzen.net

5E Advanced Materials will acquire Searles Valley Minerals’ production facilities, brine deposits and infrastructure in a Section 363 proceeding for about $9.6m. Consideration includes $3.4m in cash, 8.3m common shares and an unsecured promissory note of roughly $6.2m. With the purchase, 5E would move from a development company to an operating producer of critical minerals and become the only U.S.-owned borate producer in the United States; the assets cover more than 9,000 acres with an estimated 200-year resource. The deal is subject to court approvals, Surface Transportation Board consent and a committed $10.0m bridge financing, with closing expected in early October 2026; the company will assume certain environmental liabilities and plans to continue operations in Trona without interruption. » Mere på de.investing.com